Category: Saudi Arabia

The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading

The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading

Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih’s latest guidance that Saudi would prefer to overtighten the market Continue Reading

Two years after Crown Prince Mohammed bin Salman announced his intention to turn Saudi Arabia’s state-owned oil producer into the world’s largest public company, the kingdom and its advisers remain Continue Reading

A sweeping, self-styled anticorruption campaign that has upended Saudi Arabian politics and business started with a request from the country’s king and new crown prince to prominent citizens: Make patriotic Continue Reading

Saudi Arabia’s crown prince is stepping up pressure on detained members of the country’s elite resisting his demands for billions of dollars in payments—moving them from a luxury hotel to Continue Reading

Saudi oil giant Aramco is looking to expand in the United States where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive, its Continue Reading

Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on Continue Reading

Saudi Arabia has shortlisted New York, London, and Hong Kong for the initial public offering of its oil giant Aramco, with the three exchanges considered either singly or a combination Continue Reading

Satellite imagery of two of Saudi Arabia’s largest oil refineries suggests the kingdom may have underreported its oil stores in the first half of 2017. Satellite images gathered by the Continue Reading

Saudi Aramco has cut the price of Arab Light for the U.S. market further for February despite shipping record-low amounts to its biggest customer. U.S. refiners will receive Arab Light Continue Reading

Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan Continue Reading

Crown Prince Muhammad bin Salman is solidifying his position and changes to the foreign policy of Saudi Arabia. His main objective is the forceful consolidation of the Arab camp against Continue Reading

Former Saudi Finance Minister Ibrahim al-Assaf, shown in 2013, was among those released in the past week. The Saudi government in recent days has released at least two dozen high-profile Continue Reading

Saudi Arabia on Thursday made the first payment totaling US$533 million (2 billion riyals) as part of its new household allowance program that reaches 10.6 million beneficiaries, before it starts Continue Reading

Saudi Arabia will initiate talks with the U.S. administration within a few weeks about the participation of U.S. nuclear energy companies in the Kingdom’s first civilian nuclear energy project. That’s Continue Reading

Saudi Aramco, the world’s largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy Continue Reading

Saudi Arabia will begin cash transfers to low- and middle-income citizens this month, part of efforts to cushion the blow for families as the kingdom overhauls its oil-dependent economy. Monthly Continue Reading

Saudi Aramco ] signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals (8 billion pounds). The bulk of the memorandum of understanding agreements were Continue Reading